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Showing posts with the label UN Global Compact

UN's Global Compact - latest news

Info taken from the UN's Intranet/iSeek - 3 July 2008: The UN Global Compact Office announced on Wednesday, 25 June that 630 companies have been removed from its list of participants for failure to communicate progress. The delisting of companies is part of ongoing efforts by the Global Compact Office to enhance the accountability and credibility of the initiative. The Integrity Measures were introduced in 2004 following a comprehensive review of the governance of the UN Global Compact. In accordance with the Integrity Measures, companies are required to communicate annually to their stakeholders on progress made in implementing the ten principles of the Compact. Failure to meet the Communication on Progress (COP) deadline results in a company being listed as "non-communicating" on the Global Compact website. If a company misses two consecutive deadlines, it is listed as "inactive" on the website. Companies are removed from the list of participants if they hav...